Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) Sees Significant Growth in Short Interest

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 2,262 shares, an increase of 118.8% from the June 30th total of 1,034 shares. Based on an average daily trading volume, of 7,720 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein started coverage on Ryohin Keikaku in a report on Tuesday, May 26th. They issued a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Ryohin Keikaku Stock Up 4.7%

OTCMKTS:RYKKY opened at $14.40 on Tuesday. The firm has a market cap of $16.17 billion and a P/E ratio of 38.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.77 and a current ratio of 3.00. Ryohin Keikaku has a fifty-two week low of $8.76 and a fifty-two week high of $14.65. The firm has a 50-day simple moving average of $11.75 and a two-hundred day simple moving average of $11.28.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its earnings results on Friday, July 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Analysts predict that Ryohin Keikaku will post 0.39 earnings per share for the current fiscal year.

Ryohin Keikaku Company Profile

Ryohin Keikaku Co, Ltd., founded in 1980 and headquartered in Tokyo, is a Japanese retailer best known for its MUJI brand. The company’s core business revolves around the design, planning, manufacturing and sale of a broad array of household and consumer products. Emphasizing simplicity, functionality and quality, Ryohin Keikaku has built a reputation for its “no‐brand” or minimalist design philosophy, which seeks to eliminate unnecessary features and branding in favor of honest materials and understated aesthetics.

The company’s product portfolio includes furniture, kitchenware, home furnishings, apparel, stationery, personal care items and a curated selection of packaged foods.